HMV brand at risk as administrators called in. Marketers’ jobs on the line as analysts warn ’brand emotion’ not enough to maintain business. The future of the 92-year-old HMV brand is in question after the entertainment retailer called in administrators‚ putting more than 4‚000 jobs at risk. The 239 HMV stores in the UK and Ireland‚ website and 9 Fopp stores will continue to trade while Deloitte seeks a buyer for the brand. The troubled retailer‚ which has seen sales ravaged by online rivals
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distinctive customer needs‚ purchase behaviours and different descriptive characteristics. (Best‚ 2000) By categorizing markets into sub sectors‚ targeting marketing effort in such a way as to meet the technical and other requirements of each of these‚ organisations maybe able to secure greater competitive position than if they attempted to satisfy the general requirements of the market as a whole. There are four criteria that have to be satisfied in order for market segmentation to be effective. A market
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How sad it is to see a great iconic consumer brand fail. HMV became a giant in the world of retail music and video and at its peak was valued at roughly £1b. In the eighties the company expanded around the world in the USA‚ Canada‚ Japan‚ Germany and France. The company was so profitable in that era that the UK Government set up a Select Committee to investigate its CD profits‚ and the then CEO‚ Brian McLaughlin was vigorously questioned. The advent of DVDs and computer games bolstered its commanding
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responsibilities are stated clearly without any Ambiguity. The positions occupied by different individuals are presented in the Form of resources. NEED FOR THE STUDY This study is to fulfill the requirement of PGDM degree course of AIMA. Organizational structure is essential for continuity of the mission & co-ordinates & controls the business activities effectively. The training is undertaken during July to August 2010 and the main purpose of the training is to apply the theoretical aspects of the course
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Purpose of Business Organisation defines organisation as " the form taken up by individuals who must work together as a collective enterprise in order to achieve the ultimate goals of the business". Roberts (2004) further adds that firms exist to coordinate and motivate people ’s economic activity. This means that by deciding to pull their efforts towards achieving set goals or objectives‚ these individuals stand to enjoy economic gain. Organisation : Differentiating Between Structure and Process Division
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way to structure an organisation? Organisations are social entities that which are made up of a group of people that work together in achieving the same goal. Organisational structure is the framework that controls the hierarchy of the organisation and defines authorities and duties to its members. There is no one best way in which an organisation can be structured. Firstly‚ neither centralised or decentralised organisational structures were found to be better for organisations. Organisation structure
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Unit 3: Organisations and Behaviour: Introduction: Organisational Behaviour (in short called as OB) is concerned with the study of the behaviour and interaction of people in restricted or organised settings. It involves understanding people and predicting their behaviour‚ and knowledge of the means by which their behaviour is influenced and shaped. Organisations are bodies or entities created for a stated purpose They may consist of one or more people. In the case of a sole trader or single operator
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Describe the structure and organisation of the retail sector Retailers provide a service to customers at a profit. They are able to do this since the aspects of retailing – operating from an appropriate location‚ offering attractive product variety‚ ensuring enough stock is available to meet demand – add value to the products bought from suppliers and eventually sold to customers. Retailers cut their bulk deliveries from suppliers so individual customers can buy the quantity they require – very
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TASK 1. a) Explain and analyse external factors affecting HMV. Executive summary HMV Groups markets had experienced rapid change over recent years and have become more competitive and with a diminishing amount of in store sales as consumers choose to use the internet to fulfil their needs. These trends are heavily influenced by celebrities and other social icons as well as advertising and publicity. The main technological development is that of the internet. It has also given rise to competition
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HMV VOUCHERS A TOCKEN OF ETHICS Q2 “There is one and only one social responsibility of business–to use it resources and engage in activities designed to increase its profits so long as it stays within the rules of the game‚ which is to say‚ engages in open and free competition without deception or fraud”(Friedman). When the question is asked‚ are corporations moral agents capable of acting morally and immorally just as people are? The answer to the question is somewhat not as easy as the question
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